Chinese President Xi Jinping, in a meeting with business leaders in Beijing, highlighted the importance of February 20, 2025, as an opportune moment for Chinese entrepreneurs to showcase their talents. Committing to support them, he stated that their positions were fundamental to driving the country's economy. The meeting, organized by the Central Committee of the Communist Party, included central government officials and representatives from state agencies.
During the event, it was emphasized that over 92% of companies in China belong to the private sector, with more than 420,000 of these companies classified as high-tech. This fact has contributed to China's leadership in innovation, reflected in the increase of Chinese companies in the Fortune 500 ranking.
Business leaders from various sectors participated in a sincere and passionate discussion. Xi Jinping listened attentively to attendees as they shared their achievements and visions for the future of the private sector. For decades, the Chinese government has supported the private economy by promoting growth policies in various provinces of the country.
The president reaffirmed the government's commitment to actively support the private sector, ensuring equal opportunities against state-owned enterprises. The economic policies of the Chinese Communist Party highlight the importance of developing both public and non-public economies in a balanced way.
Xi Jinping recognized the challenges faced by Chinese companies, such as the technological revolution and industrial transformation, as well as uncertainty in the international arena. Nevertheless, he maintained an optimistic and encouraging vision, emphasizing that these obstacles are temporary and can be overcome.
To consolidate the growth of the private sector, the Chinese government will implement new support measures, such as eliminating restrictions on access to financing, facilitating private investments in strategic sectors, and resolving pending financial issues. Xi Jinping urged entrepreneurs to focus on innovation and improve their competitiveness to contribute to national economic development.
